Limited Liability Company | LLC Overview, Meaning & Examples
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Study.comAshley Dugger
Limited Liability Company | LLC Overview, Meaning & Examples
Learn the limited liability company definition, see limited liability company examples, read why LLCs are important, and explore advantages and disadvantages.
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Which of the following statements is true of a limited liability company (LLC)?A. It offers less flexibility than a corporation in terms of tax treatment.B. It is by far the most common type of business organization in the United States.C. It is a relatively new form of business ownership in the United States.D. It is not required to hold regular board meetings.
Which of the following statements is true of a limited liability company (LLC)?A. It offers less flexibility than a corporation in terms of tax treatment.B. It is by far the most common type of business organization in the United States.C. It is a relatively new form of business ownership in the United States.D. It is not required to hold regular board meetings.
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